Can Netflix Stock Double by 2028?
Investors may not think of Netflix (NASDAQ: NFLX) as the hot growth stock it was a decade ago, but the stock has been on a warpath over the last few years, despite the broader perception that it's a mature company.
After the stock tumbled in 2022, following two straight quarters of subscriber declines, the company went back to the drawing board, launching an advertising tier after years of saying it wouldn't. It also cracked down on password-sharing and experimented with live events, like sports.
As a result, the stock has skyrocketed, gaining more than 500% over the last three years as the chart below shows.
Source Fool.com
Netflix Inc. Stock
€91.40
0.240%
The stock is one of the favorites of our community with 135 Buy predictions and 1 Sell predictions.
With a target price of 110 € there is a positive potential of 20.35% for Netflix Inc. compared to the current price of 91.4 €.
